The heirs Jose Cruz and Joselita Cruz entered into an extrajudicial settlement to divide the estate of their deceased relative Johnny Cruz. An Extrajudicial Settlement of Estate is a legal process involving surviving heirs of a deceased person to distribute the deceased person's property.Partition may either be Judicial or Extrajudicial. Extrajudicial partition occurs when a deceased estate owner has not named any heirs to the property or if they passed away without a valid will. We will be discussing about co-ownership and how to end co-ownership this is a situation when there are multiple parties or multiple owners.